Sovereign Man Notes From The Field By Simon BlackJanuary 19, 2016 Santiago, Chile

Here’s How One Bank Just Took Its Interest Rates ……. ​Julius Caesar was kind of a deadbeat.

The guy was in debt up to his eyeballs, and had borrowed so much money to finance his rise to power that he threatened to skip town forever if he lost an election.

Back in Caesar’s day, interest rates in Rome were about 12%. In ancient Mesopotamia, interest rates could be as high as 25% or more.

In ancient Greece, 10% to 15%. During the Song Dynasty in Medieval China, rates were around 7% to 10%.

Today interest rates are basically nothing; in some cases, rates are even less than nothing. ~~~

If you take your hard-earned savings and loan it to a bankrupt government in Europe, you can guarantee a negative rate of return.

There are even some banks in Europe that are starting to charge their depositors negative interest rates.

A friend forwarded me a hilarious note over the weekend informing him that his bank has a “new” interest rate they’re paying on deposits: 0.001%.

Think about that number: 1/1000th of 1%.

Let’s put 0.001% in context just to demonstrate how absurdly small that number is:

* 0.001% is roughly the same as your odds in poker of ending up with a straight flush, and 30 times less than your odds of getting struck by lightning at some point in your life.

* A bank balance of $100,000 earning 0.001% would generate a whopping $1 in interest after an entire year.

* If at the time of his assassination in 44BC, Julius Caesar had put the equivalent of $100 in a savings account earning 0.001% compounding annually, he would have received a grand total of $2.08 in interest over the last 2,000+ years.

In other words, after 2,060 years, Caesar’s bank balance would have grown from $100 to just $102.08.

* If you deposit $1 earning 0.001% and then have yourself cryogenically frozen for over 9,000 years… a period longer than all of recorded human history… you will have received about 10 cents in interest by the time you wake up.

* At 0.001%, it would take your money 69,315 years to double in value. So if our forebears during the Paleolithic era had put a few abalone shells on deposit earning 0.001%, we’d barely collect twice as much today.

* The half-life of the isotope Plutonium-240 is 6,563 years. This means that
the nuclear fallout from Chernobyl and Fukishima will have undergone 11 half-lives and be almost untraceable in the environment, and you still wouldn’t have doubled your money yet.

There’s something clearly broken with this financial system.

Modern day economists who pretend to be ‘scientists’ tell us that conjuring money out of thin air will lead to prosperity.

So they’ve set interest rates at the lowest level we’ve ever seen in human history.

How has that strategy worked out after eight years?

Well, the Wall Street Journal reported this morning that China’s economic growth has slowed to a 25 year low.

Economic growth worldwide is grinding to a halt.

Chances of a US recession are higher than they’ve been in years.

Yet simultaneously, national debt levels around the world have skyrocketed. US debt has nearly doubled to almost $19 trillion.

Bankrupt nations are now able to borrow money at negative interest rates, with some banks passing negative rates on to their customers.

In Europe, interest rates are so low that the Swiss canton of Zug doesn’t want to collect local income tax for fear of having to pay negative interest rates to the bank.

The sheer volume of money in the system has led to the return of financial lunacy—like a San Francisco bank handing out $2 million home loans with no money down.

Or venture capital investors assigning a $67 BILLION valuation to a five-year old company that can’t manage to turn a profit.

Yet the middle class has been so vanquished in America that it no longer comprises the majority of the population.

Wages have stagnated. When adjusted for inflation, median household income in the US is lower than it was more than 15-years ago.

Bottom line, this system of historically low rates has led to more debt, slower growth, reduced prosperity, and a lower standard of living.

It doesn’t take a rocket scientist to see the bubble... the risks... the potential consequences.

No one has a crystal ball. We can’t circle a date on the calendar and say “this is the day that the bubble bursts.”

Maybe it happens today. Maybe tomorrow. Maybe five years from now. Maybe never.

That said, you’re not going to be worse off for having a Plan B and taking sensible steps to protect yourself, your family, and your livelihood from such obvious risks.Until tomorrow, Simon Black Founder, SovereignMan.com

Morning
Posting this on all sites this morning...It's a WOW-zer...
May God Bless and Keep

I knew we weren't crazy/nuts
WOW.... WOW................wow it really is happening and we get to watch and know it and watch as it's going down....that's got to be the best of the best that a man in the history of man could see.
2016 and on is going to be a whole lot different.....
• All 210 sovereign nations of the free world has publicly and/or privately de-pegged from the USD/petrol dollar as a unit of economic measure. USD for a lack of a better phrase, has officially been "dismissed from all monetary relevance" as of 1/1/16.

• All sovereign debts (including new/old petrol crude and brent oil sales) are now being settled via Chinese Yuan, Russian Rubbles or gold bullion. The USD/petrol dollar is no longer being accepted as the legal tender of the USA, which includes former US allies Saudi Arabia and all OPEC nations.

• The spot price of gold is now set by the Shanghai Gold Exchange (SGE), which has permanently replaced the London Gold Exchange (LGE) as the global metals pricing chief steward.

• The United Nations has been reformed to be inclusive of all sovereign nations of the free world, and a new United Nations like entity will govern world affairs. Such an entity has already been created and will be announced shortly, headquartered in Beijing, China.

• The International Monetary Fund and World Bank have been reformed to be inclusive of all sovereign nations of the free world. Both will ultimately be slowly phased out of existence.

• BRICS has permanently assumed the diplomatic chief steward role away from North AtlanticTreaty Organization or NATO.

• AIIB has permanently assumed the economic chief steward role away from WB/ADP.

•The Federal Reserve Bank (a private bank owned by Eastern European families known as the "Dark Nobility") has been declared bankrupt by an International Court and shuttered.

• New Republic of the United States Government has been seated and installed to run the affairs of US citizens, including all military affairs through the combined office of the Chairman of the Joint Chiefs of Staff. New Republic Government interim President General Joseph Dunford will function in both roles until a successor can be chosen in the revamped November 2016 elections.

• New Republic of the United States Treasury is at full operational status now, and functioning from a Reno, Nevada location inside a Native American Reservation.

• A global debt jubilee (occurs every 50 years) has officially begun as it was agreed to decades prior by ancient Hun and European elders, sovereign ruling families and benevolent negotiators --- who have quietly overseen this entire transition process for humanity.

• This peaceful transition of power was originally scheduled to occur September 11, 2001.

• All personal and sovereign debts worldwide will be zeroed out & paid in full using seized financial assets of the former global monetary authority housed at the Vatican Bank (a.k.a. Dark Nobility black screen accounts).

• The Holy Roman See has completed the necessary legal relinquishment process, and have thus released control of humanity and the free world by their own choosing.

• As part of this agreement, Pope Francis has also agreed to turn over all Vatican Bank assets back to humanity for said debt jubilee, currency revaluation as well as greater good humanitarian projects managed by the new AIIB Board of Governors.

• Also, the infamous London Temple Crown group (domiciled in the City of London, controlled by the Roman Jesuit Order) no longer lays claim to legal authority over the world's judicial and attorney network, which includes all active bar associates (lawyers and judges) in the United States and Canada.

• Pope Francis signed off on what is being called a binding "Galactic Agreement" this past Sundayinside the walls of the Vatican, witnessed by Christine Legarde and legal counsel of the IMF.

•http://en.radiovaticana.va/news/2016/01/18/pope_francis_meets_with_...
Pope Francis was is the first and last White / Black Pope (Head of the Jesuit Order) in papal history. This is highly unusual because the Jesuit Order swears by oath never to serve as Pope.Throughout history, both the White and Black Popes were secretly subjected to the absolute authority of a hidden 3rd Pope, a Grey Pope, who oversaw all papal and global matters for this "Dark Nobility" family. The Rothschild's are just one family participating in world affairs as members of this Dark Nobility.Pope Francis relinquished Rome's Ultimate Papal Authority over any and all claims to the entire world's assets, resources and population by his own free will. Pope Francis will also be announcing his abrupt retirement due to "healt